Biotrend Cevre Ve Enerji Yatirimlari As · BIST:BIOEN
Biotrend Cevre Ve Enerji Yatirimlari As — Biotrend Çevre ve Enerji Yatırımları A.Ş. — Q3 2022 Earnings Presentation
37 slides from Biotrend Cevre Ve Enerji Yatirimlari As's earnings presentation, 2022
Slide 1: Investor Presentation 2022/Q3
Investor Presentation 2022/Q3
Slide 2: Agenda
Agenda 1. Company Overview 2. Financial Overview 3. Q&A 4. Annexes
Slide 3: Presenters
Presenters Osman Nuri Vardı Zeliha Akgün Gözde Çivici VICE CHAIRMAN OF THE BOARD OF DIRECTORS & DOĞANLAR HOLDING CEO DOĞANLAR HOLDING CFO INVESTOR RELATIONS DIRECTOR 20 years of work experience 16 years of work experience 16 years of work experience • 2017 Biotrend Energy, Founder and Vice Chairman
Slide 4: 1. Company Overview
1. Company Overview
Slide 5: 2021 & 2022 in Brief
2021 & 2022 in Brief... 2022 Reached 99.2 MW Installed Capacity (30/09: 97.8 MW) with capacity increases in İnegöl Biogas and Bergama Landfill Gas Facilities! – Nov.2022 Consultancy agreement signed with Mundo Verde regarding the development and sale of carbon assets– October 2022 BoD Decision Regar
Slide 6: Shareholding Structure
Shareholding Structure BIOTREND (BIOEN) SHAREHOLDING ABOUT DOĞANLAR HOLDİNG A.Ş. STRUCTURE Apart from its activities in the field of energy, DOĞANLAR HOLDİNG also has investments in furniture, construction %64.1 and retail. DOĞANLAR %5.9 HOLDİNG European Bank For DOGANLAR FURNITURE GROUP (DGNMO) Com
Slide 7: Biotrend in 2022 Q3 at a Glance
Biotrend in 2022 Q3 at a Glance Of all the domestic waste directed to landfills in Turkey, approximately 20% is turned into energy and heat at a Biotrend plant, for a sustainable future. ✓ 181.3* Mwe Total Licensed Power (2022 Q3) 18 plants* in 11 provinces Company Overview ✓ 99.2** Mwe Installed Ca
Slide 8: Growth-Oriented Business Model
Growth-Oriented Business Model NUMBER OF PLANTS* (#) Strong Financial Performance (million TL) EBITDA Revenue CAGR :215% margin EBITDA CAGR: 260% 18 18 822.5 Revenue CAGR: 116% 1 1 EBITDA CAGR: 114% 12 2 2 1 33% 32% 8 1 427.7 33% 5 15 15 261.1 260.1 33% 245.3 28% 10 140.9 8 Company Overview 5 92.1 8
Slide 9: Biotrend Plants
Biotrend Plants Facilities by Field of Activities Power Generation Other Activities Biogas Operational 2022E Waste Fuel Steam Sales Total Waste Waste Carbon Preparation & Planned Licenced 03.11.2022 Biomass RDF Compost & SPV Name/ Facility Name Installed Bio- Disposal Seperation Sertificates Greenho
Slide 10: Electricity Production Activity Overview
2021 2022 Q1 2022 Q2 2022 Q3 30.09.2022 Licenced Electricity Generation Field of Operations / SPV Name Power (MWe) Licenced Net Electricity Licenced Net Electricity Licenced Net Electricity Net Electricity Net Electricity Power Production Power Production Power Production Licenced Power Production P
Slide 11: Fields of Activity Overview
Planned Current Operations Operations Our Fields of Activity Power Activity Overview Other Activities Generation Agricultural and Forestry Waste Fuel Compost Chemical Steam Sales Domestic Waste Waste Waste RDF Carbon Waste Preparation Activities Recycling & Hybrid Power Disposal Sorting Certificatio
Slide 12: Power Generation Activities
LANDFILL GAS ACTIVITIES Collected gas Waste is Gas is Is combusted in Landfill brought collected gas engines gas is obtained to landfill in the to be converted From waste site landfill into electrical energy BIOGAS Power BIOMETHANATION ACTIVITIES ActivityGeneration Overview Activities Organic waste
Slide 13: Other Activities
WASTE DISPOSAL OPERATIONS WASTE FUEL PREPARATION AND SUPPLY • It is the process of separating, removing, eliminating and • It is the process of collecting and preparing forest waste and recycling the harmful substances in waste. agricultural waste to be used in a biomass plant. STEAM SALES AND GREEN
Slide 14: Organic and Inorganic Growth, International Expansion
Organic and Inorganic Domestic Growth International Expansion Ensuring maximum use of available Growing in markets where Doğanlar Holding licensed power generation capacity is currently operating (Balkans, Central Asia, Mediterranean Growing recycling revenues (with planned Basin, North Africa and S
Slide 15: Sustainability Management
Sustainability Management CFA Climate Finance Accelerator Program– UN GC Climate Ambition Program Carbon Credit Projects & Sustainability Projects Investment Elements Sustainability (Plastic Chemical Upcycle Project) Establisment of Sustainability Office (Improving Environmental and Social Performan
Slide 16: Working towards Sustainability
Sustainability – UN GC - Climate Ambition Accelerator Program: 2022- 2023 – Climate Finance Accelerator Program 2022 Working towards European Union’s 2050 carbon neutral target Investment Climate Ambition Elements Turkey’s 2053 net zero target Under CFA (Climate Finance Accelerator) Program, among a
Slide 17: Carbon Credit Projects Overview
Carbon Credit Projects Overview 3 different certification Carbon Credit Reserve Amount Expected Carbon Credit programs covering all our by the end of 2022 Amount After 2023 operations VCS GCC ICR 5 million 28 million Carbon Credits ✓ Sale of 4 million credits belonging to our VERRA projects ✓ Annual
Slide 18: Chemical Recycling - Waste Plastic Upcycle Investment
Chemical Recycling - Waste Plastic Upcycle Investment ✓ Lower carbon footprint than alternative fossil sourced product We will produce 30,000 tons of ✓ In addition to carbon credits related to emission polymer raw materials from plastic reduction, the first plastic credits in Turkey with with our pi
Slide 19: 2. Financial Overview
2. Financial Overview
Slide 20: Revenue
Revenue Installed Capacity Increase in revenue 2019-2022 Q3 LTM increased to 97.8 MWe (2022 Q3). 10.7 fold increase with 121% CAGR Revenue (million TL) Revenue (million TL) 822.5 Financial Overview 989.1 131% 215% 74% 427.7 166% 261.1 245.3 92.1 2019 2020 2021 2022 Q3 LTM 2021 Q3 2022 Q3 38% 48% 62%
Slide 21: Profitability
Profitability Gross Profit (million TL) Gross Profit (million TL) Gross 29.9% 28.4% Profit Margin% 296.2 233.4 28.8% 286% 140% 27.6% 23.1% 29.8% 82% 123.3 147% 60.5 67.8 Financial Overview 27.4 2021 Q3 2022 Q3 2019 2020 2021 2022 Q3 LTM EBITDA* (million TL) EBITDA* (million TL) 33.2% 31.6% EBITDA Ma
Slide 22: COGS & Operating Expenses
COGS& Operating Expenses Cost of Goods Sold / Revenue (%) Operating Expenses / Revenue (%) COGS / Revenue Operating % Expenses / Revenue 76.8% 71.6% % 10.7% 8.2% 3% 3% 9% 7% 7% 10% 9% 16% Financial Overview 10% 43.0% 44.7% 10% 11% 7.9% 5.1% 12.4% 63% 21.3% 44% 37.8% 27.8% 2021 Q3 2022 Q3 2021 Q3 202
Slide 23: Operating Profit
Operating Profit Operating profit (million TL) 2020 2021 2022 Q3 LTM -4.1 -32.4 30.3 83.3 214.0 209.9 69.3 Financial Overview 38.9 50.9 Operating Profit FX gain/loss Operating Profit Operating Profit FX gain/loss Operating Profit Operating Profit FX gain/loss Operating Profit excluding FX excluding
Slide 24: Net Profit
Net Profit Profits Before Tax (million TL) Net Profit (million TL) Financial Overview 24.6 118.2 24.6 55.6 25.3 34.8 20.4 6.4 2.7 1.2 2019 2020 2021 2022 Q3 LTM 2019 2020 2021 2022 Q3 LTM Net Profit (exc.one-off) One-off subsidiary sale profit Profits before tax (exc.one-off) One-off subsidiary sale
Slide 25: Investments
Investments Increase in Increase in Net Investments in Fixed Assets in 2021 by 2021 by 126% 105% Net Fixed Assets (million TL) Investments (million TL) 1.304,4 Financial Overview 894,3 915.3 126% 436,1 823.7 638.2 221.6 170% 473.4 174,5 389.1 282.0 171.8 214.5 104.4 70.6 2.7 2019 2020 2021 2022 Q3 2
Slide 26: Net Financial Debt
Net Financial Debt Net Financial Indebtedness(TRY million) 31.12.2019 31.12.2020 31.12.2021 30.09.2022 Short-Term Bank Loans 0.0 0.1 0.1 0.0 Short-Term Portion of Long-Term Bank Loans 31.8 84.7 189.1 370.4 Other Short Term Financial Indebtedness 0.4 1.0 2.3 2.4 Short-term financial indebtedness 32.2
Slide 27: 2022 Guidance
2022 Guidance 2022 Guidance Total Consolidated Revenues 1.1 – 1.3 billion TL Installed Capacity (MWe) ~120 MWe Financial Overview Average Installed Capacity (MWe) ~90 MWe Gross Electricity Generation (MWh) ~650-700 thousand MWh Net Electricity Generation (MWh) ~600-650 thousand MWh Electricity Capac
Slide 28: 3. Q&A
3. Q&A
Slide 29: Annexes
3. Annexes
Slide 30: Income Statement
Mn TRY 2020 2021 2021 Q3 2022 Q3 Revenue 245.3 427.7 261.1 822.5 Cost of Sales (177.5) (304.4) -200.6 -589.1 Gross Profit 67.8 123.3 60.5 233.4 General Administrative Expenses (20.8) (39.9) -26.0 -63.9 Marketing Expenses (1.1) (2.6) -2.0 -3.3 Other Operating Income 67.1 22.2 43.5 102.5 Income Other
Slide 31: Balance Sheet
Mn TRY 31.12.2020 31.12.2021 30.09.2022 Cash and Cash Equivalents 101.8 170.9 105.8 Trade Receivables 30.2 104.4 213.5 Stocks 4.4 63.7 105.8 Prepaid expenses 63,9 242.7 495.7 Other 36,6 101.3 135.6 Current Assets 236.9 682.9 1,056.4 Investments Accounted for Using Equity Method 25.3 51.0 61.2 Proper
Slide 32: United Nations Global Compact
United Nations Global Compact We believe that ensuring the sustainable and balanced growth of the global economy is the primary duty of all companies, regardless of the sector. In order to achieve this growth, we strive to comply with certain principles in environmental and social issues, to make in
Slide 33: Human Rights
We continue our activities to raise violence, manipulation and legal rights awareness within our company. To this end, we provide free-of-charge family counseling for our employees, we hold morale nights, ecotherapy and frequency therapy sessions. Human Rights OUR ENERGY IS FOR OUR EMPLOYEES FIRST!
Slide 34: Social Responsibility Projects
The tree of life grows with awareness! Social YOUTH ENERGY IN OUR PLANT! Responsibility Projects WASTE MATERIALS STRENGTHEN OUR BOOKSHELVES MEET CHILDREN! COMMUNICATION.
Slide 35: Awards
(reno EN QUALITY BIOMASS. ‘OUR ENERGY iNONG UNIVERSITY SUSTAINABLE ENERGY ENERGY AWARD, OUR FUTURE AWARD FACULTY OF MEDICINE EXCELLENCE AWARDS 2016 & b can Happy Place to Work: CERTIFIED * 2022 “HAPPY PLACE TO WORK” EBRD SUSTAINABILITY OUR ENERGY RENEWABLE ENERGY BRAND WOMAN FRIENDLY BRANDS 2022 IN
Slide 36: Disclaimer
Disclaimer The information contained in this presentation is provided by Biotrend Çevre ve Enerji Yatırımları A.Ş (“Biotrend” or “Company”). The information contained in this presentation is not meant to be comprehensive and has not been independently verified. The information used in the presentati
Slide 37: Thank You
Biotrend Investor Relations Gözde Çivici Investor Relations Director Aysun Vardan Investor Relations Manager yatirimci.iliskileri@biotrendenerji.com.tr +90 216 680 00 00 www.biotrendenerji.com.tr THANK YOU
Biotrend Çevre ve Enerji Yatırımları A.Ş. — Q3 2022 Earnings Presentation on 6ix